Over 99% of power generated from renewables
Large reservoirs with a storage capacity of179.3 TWh
Installed capacity of 37,439 MW
Average residential rate of 7.59¢/kWh in 20222the lowest in North America
Return on equity 17.6%
Total assets of $89 billion
Average term of debt 22 years
|Rating agencies||Long-term debt||Commercial paper||Outlook|
|S&P Global Ratings||AA-||A-1+||N/A*|
|DBRS Morningstar||AA (low)||R-1 (middle)||Stable|
* S&P Global Ratings does not provide an outlook for Hydro-Québec’s credit rating.
Results and Outlook3
Investments totaled $4.3 billion in 2022.
Hydro‑Québec carried out a number of fixed‑rate issues on the Canadian capital market during the year: $2.3 billion in medium‑term notes maturing in 2028, at an average cost of 3.15%, and $2.7 billion in bonds maturing in 2060 and 2063, at an average cost of 3.95%. These issues raised a total of $5.0 billion.
- As at December 31, 2022.
- On April 1, 2022 (for residential customers with monthly consumption of 1,000 kWh).
- Forecast data is supplied for 2023.
- Gross borrowings.
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